OCEAN TG UK LTD
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Next accounts due
2026-06-30 (in 1mo)
Last filed for 2023-12-31
Confirmation statement due
2027-01-14 (in 8mo)
Last made up 2025-12-31
Watchouts
None on the register
Cash
-£9M
+26.1% vs 2022
Net assets
-£1M
-129.4% vs 2022
Employees
94
+13.3% vs 2022
Profit before tax
-£5M
-207.1% vs 2022
Name history
Renamed 2 times since incorporation
- OCEAN TG UK LTD 2023-03-31 → present
- VIDEOTEL MARINE INTERNATIONAL LIMITED 1978-12-31 → 2023-03-31
- GLENTHORNE WAREHOUSING CO. LIMITED 1978-01-12 → 1978-12-31
Net assets
2-year trend · vs Consumer Discretionary median
Accounts
2-year trend · latest reflected 2023-12-31
| Metric | Trend | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Turnover | £10,095,260 | £9,879,589 | |
| Operating profit | -£1,499,165 | -£4,036,053 | |
| Profit before tax | -£1,515,224 | -£4,653,429 | |
| Net profit | -£1,370,328 | -£4,757,988 | |
| Cash | -£11,831,012 | -£8,748,682 | |
| Total assets less current liabilities | £3,821,456 | -£936,532 | |
| Net assets | £3,677,969 | -£1,080,019 | |
| Equity | £3,677,969 | -£1,080,019 | |
| Average employees | 83 | 94 | |
| Wages | £6,176,985 | £7,832,721 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2022-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating margin | -14.9% | -40.9% | |
| Net margin | -13.6% | -48.2% | |
| Return on capital employed | -39.2% | 431.0% | |
| Gearing (liabilities / total assets) | 87.5% | 103.3% | |
| Current ratio | 1.03x | 0.83x | |
| Interest cover | -93.35x | -6.54x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 101
- Reporting scope
- Standalone (parent only)
- Auditor
- Grant Thornton UK LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Consequently, the directors have concluded using the going concern basis for the preparation of the financial statements is appropriate. The company's fellow group company, Ocean Technologies Group Limited has agreed to provide financial support as is necessary to enable the company to meet its ongoing financial obligations as and when they fall due for the foreseeable future and in any event for a period of no less than 12 months from the date of approval of the financial statements, and the company's directors, have assessed the ability of Ocean Technologies Group Limited to provide that support.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 21 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| PROFFITT, Keith | Director | 2024-11-25 | May 1971 | British |
Show 21 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAYNHAM, Edward James | Secretary | — | 2003-01-18 |
| BOND, Stephen Charles | Secretary | 2003-01-18 | 2010-05-05 |
| FEINGOLD, Felise | Secretary | 2014-07-02 | 2019-07-22 |
| SOMERTON CONSULTANCY LTD | Corporate Secretary | 2010-05-05 | 2014-07-02 |
| BACON, Richard | Director | — | 1996-03-31 |
| BAYNHAM, Edward James | Director | — | 2003-01-18 |
| BOND, Stephen Charles | Director | — | 2010-05-05 |
| CHENG, Newton | Director | 2010-05-05 | 2014-07-02 |
| DONOGHUE, William Joseph | Director | 2019-07-22 | 2019-12-06 |
| GUSTAFSSON, Johan Hans | Director | 2021-01-11 | 2025-02-10 |
| HOLDER, Leonard Arthur | Director | 1996-07-01 | 2014-04-22 |
| O'NEIL, William Andrew | Director | 2005-06-15 | 2017-12-31 |
| O'SULLIVAN, Matthew | Director | 2021-11-26 | 2025-01-15 |
| O'SULLIVAN, Matthew | Director | 2019-12-06 | 2021-01-11 |
| PERRY, Walter, Lord | Director | — | 2003-07-18 |
| RENDALL, Peter Alan | Director | 2014-07-02 | 2016-06-22 |
| RINGSTAD, Roger | Director | 2019-07-22 | 2020-12-17 |
| ROGERS, Louise Anne | Director | 2019-07-22 | 2019-12-06 |
| SINGH, Manish | Director | 2021-10-22 | 2022-05-06 |
| VAN GOOL, Martinus Marie Antonius | Director | 2021-01-11 | 2021-10-20 |
| WOODHEAD, Mark | Director | 2014-07-02 | 2019-07-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Pelican Bidco Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2019-05-13 | Active |
| Kvh Media Group Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2016-04-06 | Ceased 2019-05-13 |
Filing timeline
Last 20 of 150 total filings
Material constitutional events — rename, articles re-file, resolution
- 2023-03-31 CERTNM Certificate change of name company PDF
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-02-20 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-02-11 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2025-02-10 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-30 | AD01 | address | Change registered office address company with date old address new address | |
| 2025-01-16 | TM01 | officers | Termination director company with name termination date | |
| 2025-01-16 | AA01 | accounts | Change account reference date company current extended | |
| 2025-01-16 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-12-02 | AP01 | officers | Appoint person director company with name date | |
| 2024-07-11 | AA | accounts | Accounts with accounts type full | |
| 2024-01-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-10-10 | AA | accounts | Accounts with accounts type full | |
| 2023-03-31 | CERTNM | change-of-name | Certificate change of name company | |
| 2023-01-23 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-01-03 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-10-06 | AA | accounts | Accounts with accounts type full | |
| 2022-08-10 | TM01 | officers | Termination director company with name termination date | |
| 2022-02-01 | AA | accounts | Accounts with accounts type full | |
| 2022-01-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-01-12 | PSC05 | persons-with-significant-control | Change to a person with significant control | |
| 2021-12-03 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 1
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2022 → FY2023 · period ending 2023-12-31 vs 2022-12-31
-
Turnover
-2.1%
£10,095,260 £9,879,589
-
Cash
+26.1%
-£11,831,012 -£8,748,682
-
Net assets
-129.4%
£3,677,969 -£1,080,019
-
Employees
+13.3%
83 94
-
Operating profit
-169.2%
-£1,499,165 -£4,036,053
-
Profit before tax
-207.1%
-£1,515,224 -£4,653,429
-
Wages
+26.8%
£6,176,985 £7,832,721
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers